Notice of Paid-In Capital Increase through Third-Party Allocation
The Board of Directors of Eastern Gear Co., Ltd. resolved on September 4, 2024, to conduct a paid-in capital increase through a third-party allocation method in accordance with Article 11, Paragraph 2 of the Articles of Incorporation and Article 418, Paragraph 2 of the Commercial Act. The details are as follows:
a. Type and Number of New Shares: 4,571 redeemable convertible preferred shares
b. Issue Price per Share: KRW 218,800 per share (par value KRW 5,000 per share)
c. Method of Allocation: Third-party allocation
d. Payment Date: September 20, 2024
e. Payment Location: Industrial Bank of Korea
f. Other Matters: The CEO is delegated the authority to handle all procedural details related to the issuance of new shares.
a. Type and Number of New Shares: 4,570 redeemable convertible preferred shares
b. Issue Price per Share: KRW 218,800 per share (par value KRW 5,000 per share)
c. Method of Allocation: Third-party allocation
d. Payment Date: September 20, 2024
e. Payment Location: Industrial Bank of Korea
f. Other Matters: The CEO is delegated the authority to handle all procedural details related to the issuance of new shares.
September 4, 2024
Eastern Gear Co., Ltd.
CEO Gwak Yu-Hyun
